It might not hurt to have your soil tested before dumping a bunch of chemicals on it. Some macronutrients (phosphorus, in particular ) can build up in soil and be toxic to plants. A daylily grower on the eastern seaboard had to have tons of topsoil removed from his growing fields due to over-use of phosphorus.
Here are two important links, the first has to do with "bloom" fertilizers in general.
https://www.gardenmyths.com/bl...
This will explain the fertilizer needs of daylilies in particular.
http://www.ctdaylily.com/trimm...
I agree with the too much mulch assessment. I'm also not that wild about wood chips, they don't bring much to the table. The best mulches are those that break down quickly and incorporate themselves into the soil, such as compost made from leaves and yard waste, aged stable sweepings, kitchen scraps.
It could also be that the plants have pulled themselves too deep. Daylilies can do well in a wide variety of soil types, but clay can be tricky. Heavy clay beds might need to be routinely amended, and daylilies in those beds might need a "lift and separate" every few years. If you have weed cloth or plastic under those wood chips, it can have a negative effect on soil health. The soil needs to 'breathe'.
Regarding trees, they just don't mix well with daylilies. The shade weakens them, the roots always out-compete and starve them. I'm pretty sure I read this remark on this forum, "Trees are best admired from a distance."